Joe wants to be able to purchase a dream car on January 1,2004, just after he graduates from college. Joe has had a part time job and started making deposits of $500 each month into an account that pays 12% compounded monthly beginning with the first deposit on February 1, 1999. The last deposit is to be made on January 1, 2004. Determine how much money he would have saved to buy the car. $46,511.44 $40,834.83 O $30,000.00 $22,477.52